Jun 18, 2021
McLaren to Build NFT Platform on Tezos
Story originally posted by Coindesk by Jamie Crawley.
Tezos’ branding will be displayed on the race suits of McLaren’s Formula 1 and INDYCAR drivers.
McLaren Racing said it plans to build a non-fungible token (NFT) platform on the Tezos blockchain.
- The platform will list NFTs illustrating McLaren Racing’s history and heritage and famous drivers, according to an emailed announcement Thursday.
- McLaren cited the Proof-of-Stake model that powers the Tezos network — which is less energy intensive than Proof-of-Work blockchains — as the key to partnership.
- As part of the agreement, the race suits of McLaren’s Formula 1 and INDYCAR drivers will carry Tezos’ branding.
- McLaren is no stranger to the crypto and blockchain space, having announced in March that it would be creating an official fan token through Turkish crypto firm.
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